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Feb 22, 2013
02/13
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u.s. stock futures are up right now. wall street stocks fell for the last two days on concerns about weak u.s. economic data. the dow ended 46 points lower on thursday. the nasdaq was off 32 points. gas prices are at the highest price ever for this time of year. aaa says the average price of a gallon of regular is $3.78 nationwide up 47 cents in the past month. seasonal maintenance at refineries have been driving up gas prices. and also google just stepped up its challenge against microsoft and apple. the company unveiled a touchscreen version of the chrome book laptop right in san francisco. the pixel chrome book went on sale yesterday. a wi-fi version costs $1,299. >> thank you. that's a few too many bucks for me. >> i know. >>> wendy's getting a makeover going a little art-deco on us, hu >> reporter: next month they will unveil a more contemporary logo on advertising, uniforms and menus. wendy's is going for a very sleek modern image. hundreds of its restaurants are expected to be remodeled this year with wi-fi, flat
u.s. stock futures are up right now. wall street stocks fell for the last two days on concerns about weak u.s. economic data. the dow ended 46 points lower on thursday. the nasdaq was off 32 points. gas prices are at the highest price ever for this time of year. aaa says the average price of a gallon of regular is $3.78 nationwide up 47 cents in the past month. seasonal maintenance at refineries have been driving up gas prices. and also google just stepped up its challenge against microsoft and...
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Feb 16, 2013
02/13
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. >>> back in the u.s., the obama administration says as of today they won't take any more applications for the pre-existing condition insurance plan because of limited funding. it's a stop gap program to help people with medical problems who cannot get private insurance right now. new legal provisions kick in january 1st of next year, barring insurers for turning anyone away for poor health. >>> thanks for watching this morning. i'll see you back here at the top of the hour. "your bottom line" starts right now. >>> thank you, susan and victor. we'll see you at the top of the hour. we know what we've recovered from. the minimum wage economy, is that what we're recovering to? good morning, i'm christine romans. 28 months in a row, 6.1 million jobs created in the past three years, but the jobs we're adding are not the same quality as the jobs we lost. survey from rutgers university finds 60% of people who found work in six months settled for lower pay. these aren't jobs you can send a kid to college on or buy a house. president obama detailed his blueprint for boosting the middle class. t
. >>> back in the u.s., the obama administration says as of today they won't take any more applications for the pre-existing condition insurance plan because of limited funding. it's a stop gap program to help people with medical problems who cannot get private insurance right now. new legal provisions kick in january 1st of next year, barring insurers for turning anyone away for poor health. >>> thanks for watching this morning. i'll see you back here at the top of the hour....
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the pentagon it's a place where u.s. military brass make decisions about war but the pentagon is about to ramp up a different type of battle this time of p.r. push what's behind this move we'll explain in just a minute. we live in a society that loves to update posts and tweets on social media but should you be required to hand over your social media information to your boss or your college get ready for snow bought a new bill in congress designed to protect your social media privacy. and ladies are you willing to go topless one just ahead will explored naked activism and why it's not a popular form of activism here in the u.s. . good afternoon it's friday february eighth for him in washington d.c. i'm meghan lopez and you're watching r.t. . the face of war is changing that much we've known for quite some time as a result we've watched the pentagon work to stay ahead of these changes multibillion dollar aircraft carriers an f. sixteen s are making their way for drones and cyber innovation wars are no longer being waged s
the pentagon it's a place where u.s. military brass make decisions about war but the pentagon is about to ramp up a different type of battle this time of p.r. push what's behind this move we'll explain in just a minute. we live in a society that loves to update posts and tweets on social media but should you be required to hand over your social media information to your boss or your college get ready for snow bought a new bill in congress designed to protect your social media privacy. and...
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Feb 8, 2013
02/13
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the u.s./mexico border and through nevada and the latest search has been up in the snowy part of the community with officers following foottracks tracks but so far he's still on the loose. police say helicopters equipped with infrared light searched through the night for christopher dorner. they say he's now hunting his former colleagues. >> the streets will be full of patrol cars. >> reporter: the heaviest search is taking place in the mountain community of big bare, california. dorner's burned out truck was found there thursday afternoon and a door-to-door search is under way. >> we're going to head back down closer to where we live and keep our family safe. >> reporter: dorner posted a manifesto on his facebook page where he vowed to get revenge for being fired in 2009. >> dorner is considered to be armed and extremely dangerous. >> reporter: outside lapd headquarters officers here are taking the unusual step of patrolling their own headquarters in case dorner attacks. >> he knows what he's
the u.s./mexico border and through nevada and the latest search has been up in the snowy part of the community with officers following foottracks tracks but so far he's still on the loose. police say helicopters equipped with infrared light searched through the night for christopher dorner. they say he's now hunting his former colleagues. >> the streets will be full of patrol cars. >> reporter: the heaviest search is taking place in the mountain community of big bare, california....
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Feb 1, 2013
02/13
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at the time, hagel called the surge of 30,000 troops the worst u.s. blunder since vietnam, a statement challenged by senator john mccain. >> were you correct in your assessment? >> well, i would defer to the judgment of history to sort that out. >> i think the committee deserves your judgment as to whether you were right or wrong about the surge? >> i'll explain why i made those comments... >> i want to know if you were right or wrong. that's a direct question. i expect a direct answer. >> reporter: hagel explained he opposed the surge because it cost 1,200 lives for a temporary victory. hagel, a former infantry soldier wounded twice in the vietnam war, said every war decision made in washington should consider the soldier first. >> i saw the consequences and the suffering and the horror of war, so i did question a surge. i always ask the question, "is this going to be worth the sacrifice?" because there will be sacrifice. >> reporter: but that was one of the few times hagel rebutted a direct question. he avoided explaining policy positions so often,
at the time, hagel called the surge of 30,000 troops the worst u.s. blunder since vietnam, a statement challenged by senator john mccain. >> were you correct in your assessment? >> well, i would defer to the judgment of history to sort that out. >> i think the committee deserves your judgment as to whether you were right or wrong about the surge? >> i'll explain why i made those comments... >> i want to know if you were right or wrong. that's a direct question. i...
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the typical u.s. corporate bond losses could lose 15 percent of the 30-year bond suffering 26% loss. so the fear, the buzz on wall street is we could see a 2002-like route in bonds. they're not saying how, when, white, where, no details, but that aid half trillion dollars corporate bond market could be rattled a little bit with this. and when you have blank line saying it, you have to say, wait a second, what is going on? and i will tell you something, pensions and life insurance, and also a systemic risk of bank balance sheets because they have been big buyers of government bonds. so the banks are truly too big to fail because they have been the ones buying government debt. we have to watch out. david: a bubble in search of a pen. only liz macdonald. liz: thank you very much. david: well, you think new york is an expensive city? maybe not today. up next, find out where in the big apple you can get coffee for a nickel. and a slice of cheesecake for $0.19. we will tell you where. liz: plus, we will loo
the typical u.s. corporate bond losses could lose 15 percent of the 30-year bond suffering 26% loss. so the fear, the buzz on wall street is we could see a 2002-like route in bonds. they're not saying how, when, white, where, no details, but that aid half trillion dollars corporate bond market could be rattled a little bit with this. and when you have blank line saying it, you have to say, wait a second, what is going on? and i will tell you something, pensions and life insurance, and also a...
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Feb 1, 2013
02/13
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he also recommends to go out the u.s. and buy global stocks and currencies from countries like the ones he mentioned, australia, brazil, mexico and canada. what do you think of that bill growth assessment? >> well, you know n my opinion, and really for our clients here as wells fargo advisors, i mean i still firmly believe that one of the best way force people to build wealth over time, build wealth for retirement is building to be by owning equities. i certainly think they need to own a good chunk of u.s. equities. now saying that, the growth, we have hundreds of millions of people around the world that are coming into the middle class. their wages are rise. they want cars, washing machine, all the things we take for granted that is where the growth is going to be. we're in a mature economy. our population is only growing 1%. japan's declining, a lot of western europe is declining. so i agree that you need to invest internationally to take advantage of that growth. but i disagree that you cannot find some favorable retur
he also recommends to go out the u.s. and buy global stocks and currencies from countries like the ones he mentioned, australia, brazil, mexico and canada. what do you think of that bill growth assessment? >> well, you know n my opinion, and really for our clients here as wells fargo advisors, i mean i still firmly believe that one of the best way force people to build wealth over time, build wealth for retirement is building to be by owning equities. i certainly think they need to own a...
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Feb 6, 2013
02/13
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the u.s. capitol hill and elsewhere that the license to kill goes too far. the white house is vigorously defending a justice department memo which says the administration can use drones to attack and kill american citizens working with terrorists. >> these strikes are legal. they're ethical. and they are wise. >> the memo originally obtained by nbc news says killing a u.s. citizen who is a senior operational leader in al qaeda or an associated force is law ulf under three conditions. the suspect is to kill americans. it's not possible to capture him before the attack and it follows law and war principles but some on capitol hill are concerned that the policy violates the constitutional right of american terror suspects to a trial by jury and on tuesday the white house press corps purkedshed obama on the issue. >> this is giving legal justification for killing american citizens without any trial. >> i would point you to the ample judicial precedent for the idea that someone who takes up arms ag
the u.s. capitol hill and elsewhere that the license to kill goes too far. the white house is vigorously defending a justice department memo which says the administration can use drones to attack and kill american citizens working with terrorists. >> these strikes are legal. they're ethical. and they are wise. >> the memo originally obtained by nbc news says killing a u.s. citizen who is a senior operational leader in al qaeda or an associated force is law ulf under three...
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Feb 13, 2013
02/13
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in the u.s., more than 60% of middle aged and older women take supplements to preventose owe pope benedict row sis -- to preventing bone thinning. >>> on survey investigator's big 26th season premier. but will kids really be a new twist? >>> well, it's too nice a day to be indoors. a little foggy out there. >> a little bit for everyone around the bay area today. a little foggy early on. a lot of sunshine in the afternoon. hazy outside right now. but boy, great weather ahead. the temperature just now beginning to warm up. 50s and 60s popping up outside. 61 in san jose. and 57 degrees in santa rosa. looking out, very quiet out there. and still, mild into the afternoon. tonight, we may see a couple patches of fog, chilly inland but not as cold as this morning and then a warming trend into valentine's day and holding on into the weekend. high pressure overhead. it's moving closer to the coast. and we will begin to see an offshore wind. and that will be enough to crank up the temperatures. much warmer days ahead. in fact, some numbers could head into the low 70s. computer model into the afterno
in the u.s., more than 60% of middle aged and older women take supplements to preventose owe pope benedict row sis -- to preventing bone thinning. >>> on survey investigator's big 26th season premier. but will kids really be a new twist? >>> well, it's too nice a day to be indoors. a little foggy out there. >> a little bit for everyone around the bay area today. a little foggy early on. a lot of sunshine in the afternoon. hazy outside right now. but boy, great weather...
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Feb 5, 2013
02/13
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. >>> u.s. government is suing credit rating agency standard & poor's. the justice department says the company gave high ratings to risky mortgage bonds. those bonds then plunged and the value contributed to the 2008 financial crisis. s&p denying wrongdoing. the state attorney general kamala harris this morning filed a separate lawsuit against the s&p. >> our investigation shows that s&p ratings pla role in the mortgage feeding frenzy on wall street. s&p called itself a gatekeeper but acted like a toll collector. >> she says they gave premium ratings to shaking investments including some backed by toxic mortgages that allegedly cost the state's two public pension funds nearly $1 billion and violated several california laws. >>> stocks are rallying one day after the stock market had its worst sell-off of the year. the dow was over 14,000 once again. they are up 122 points and the counting today. >>> president obama is asking congress to head off automatic spending cuts that could hurt the economy if they kick in as scheduled march 1. the president is prop
. >>> u.s. government is suing credit rating agency standard & poor's. the justice department says the company gave high ratings to risky mortgage bonds. those bonds then plunged and the value contributed to the 2008 financial crisis. s&p denying wrongdoing. the state attorney general kamala harris this morning filed a separate lawsuit against the s&p. >> our investigation shows that s&p ratings pla role in the mortgage feeding frenzy on wall street. s&p...
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Feb 25, 2013
02/13
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the u.s. wasn't telling pakistan, so the helicopters could be shot down by pakistan's modern air defenses. the pilots were from the army's 160th special operations aviation regiment. two modified blackhawks-- call signs "chalk one" and "chalk two"-- would drop 24 seals and a belgian malinois combat dog named cairo. >> owen: chalk one, which is the one i was on, was going to hover over the compound here. we would drop the two fast ropes, slide down the ropes into the courtyard here, and then go about our business while chalk two would land out here, just over here by the road. drop the external containment team off. they would provide security external. we'd have a... two men and our... our combat assault dog would do a quick patrol of the perimeter down to the south and around to make sure that there was no tunnels underneath the wall, if somebody did hear us come in and had time to escape. after dropping those guys off, the second helo was going to come up, hover over the third floor, drop of
the u.s. wasn't telling pakistan, so the helicopters could be shot down by pakistan's modern air defenses. the pilots were from the army's 160th special operations aviation regiment. two modified blackhawks-- call signs "chalk one" and "chalk two"-- would drop 24 seals and a belgian malinois combat dog named cairo. >> owen: chalk one, which is the one i was on, was going to hover over the compound here. we would drop the two fast ropes, slide down the ropes into the...
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Feb 27, 2013
02/13
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. >> is the u.s. willing to directly aid the fighters on the ground and is that enough to change assad's administration? >> he needs to know that he can't shoot his bayway out of this and so we need to convince him of that, and i think the opposition needs more help in order to be able to do that and we are working together to have a united position with respect to that. >> the secretary hinted the u.s. might start to distribute aid in rebel held parts of syria. secretary kerry expected to talk more about the syria question at an international conference tomorrow in rome. charlie and norah? >> clarissa ward thank you. >>> the supreme court today is hearing arguments over the landmark 1965 law, at issue, whether voting rights are secure enough now to allow the rollback of protections from the civil rights era. john crawford is at the supreme court. jan, this has far-reaching consequences. tell us about what's at issue here? >> reporter: the voting rights act is one of the most arguments now just under
. >> is the u.s. willing to directly aid the fighters on the ground and is that enough to change assad's administration? >> he needs to know that he can't shoot his bayway out of this and so we need to convince him of that, and i think the opposition needs more help in order to be able to do that and we are working together to have a united position with respect to that. >> the secretary hinted the u.s. might start to distribute aid in rebel held parts of syria. secretary...
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Feb 7, 2013
02/13
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u.s. treasury all the money it's had to borrow to make up for those recent losses scott. >> pelley: nancy, thank you. so, what do americans think of this? well, when we asked about ending saturday delivery in a cbs news/"new york times" poll last june, 71% said they favored it; 24% were opposed. and this surprised us today: turns out there are more post offices in america than wal- marts, starbucks and mcdonald's combined. there is a much bigger washington fiscal crisis coming in three weeks. that is when automatic across- the-board budget cuts go into effect unless congress finds another way. in washington lingo, those budget cuts are called sequestration, and david martin has discovered that sequestration is already cutting into national defense. >> reporter: late this afternoon, the 5,000 crew members of the aircraft carrier "truman" got the word: they will not be leaving their home port of norfolk, virginia, for the persian gulf this friday as planned. their deployment is being postpon
u.s. treasury all the money it's had to borrow to make up for those recent losses scott. >> pelley: nancy, thank you. so, what do americans think of this? well, when we asked about ending saturday delivery in a cbs news/"new york times" poll last june, 71% said they favored it; 24% were opposed. and this surprised us today: turns out there are more post offices in america than wal- marts, starbucks and mcdonald's combined. there is a much bigger washington fiscal crisis coming...
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Feb 2, 2013
02/13
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u.s. embassy in ankara turkey, came under attack today. a suicide bomber blew himself up at a security checkpoint. a turkish security guard was also killed. the white house quickly called it a terrorist attack and holly williams is in the turkish capital tonight. >> reporter: the explosion rocked the quiet embassy district in turkey's capital. this shaky mobile phone footage shows the confusion in the immediate aftermath as bystanders rushed in to help the injured. the suicide bomber only got as far as the embassy's outside perimeter, stopped by turkish guards, he detonated his explosive device, killing himself and one of the guards. the blast was powerful enough to rip this heavy security door off its hinges and send debris flying, injuring several other embassy staff members. this woman, a turkish journalist, was seriously hurt. the american ambassador, francis ricciardone, visited the hospital where the casualties were treated and praised the security guard who lost his life. >> i've pa
u.s. embassy in ankara turkey, came under attack today. a suicide bomber blew himself up at a security checkpoint. a turkish security guard was also killed. the white house quickly called it a terrorist attack and holly williams is in the turkish capital tonight. >> reporter: the explosion rocked the quiet embassy district in turkey's capital. this shaky mobile phone footage shows the confusion in the immediate aftermath as bystanders rushed in to help the injured. the suicide bomber only...
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Feb 10, 2013
02/13
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the u.s. if that corn could take the nigtrogeghtrogen out of the air it like beans do, then we wouldn't have to fertilize corn. another important problem, we don't have enough drugs for diseases. we see these multidrug-resistant microbes popping up in hospitals and it's kind of scary. we need better drugs, i think this is an area where synthetic biology can really help. if you look around this room, nearly everything that we're in contact with is derived from petroleum. the carpet on the floor, the paint on the walls, the ceiling tiles, they all come from petroleum we have the potential to produce all of these products from sugar. so it could open up an entirely new avenue for agriculture, it could open up an environmentally-friendly way to produce all of these products that we use on a day-to-day basis. >> is that part of what drives you? do you look at the world just differently as a result of knowing how sugar could be substituted for these petroleum-based products? >> i don't know if i loo
the u.s. if that corn could take the nigtrogeghtrogen out of the air it like beans do, then we wouldn't have to fertilize corn. another important problem, we don't have enough drugs for diseases. we see these multidrug-resistant microbes popping up in hospitals and it's kind of scary. we need better drugs, i think this is an area where synthetic biology can really help. if you look around this room, nearly everything that we're in contact with is derived from petroleum. the carpet on the floor,...
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Feb 7, 2013
02/13
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the u.s. compound in benghazi, libya. this follows his dire warnings yesterday about the impact of dramatic budget cuts due to kick in next moth the so-called sequestration. panetta spelled out a list of cuts the pentagon will have to make, cuts he says will seriously undermine the military. susan mcginnis is in washington this morning. susan, good morning. >> good morning, anne-marie. the cuts are already happening. the pentagon is shrinking its presence in the persian gulf of aircraft carriers. it's par of that long list that secretary panetta released saying these cuts are going to have to happen in the coming weeks all because congress cannot agree on an alternative to the automatic budget cuts that are planning to kick in as well as a 2013 budget. the "uss truman" was scheduled to pull out of norfolk, virginia, tomorrow expected to head to the persian gulf but wednesday afternoon word came in the truman will stay in port to save money. >> playing the waiting game. it's not very nice not k
the u.s. compound in benghazi, libya. this follows his dire warnings yesterday about the impact of dramatic budget cuts due to kick in next moth the so-called sequestration. panetta spelled out a list of cuts the pentagon will have to make, cuts he says will seriously undermine the military. susan mcginnis is in washington this morning. susan, good morning. >> good morning, anne-marie. the cuts are already happening. the pentagon is shrinking its presence in the persian gulf of aircraft...
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Feb 25, 2013
02/13
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>> working on it. >> one top u.s. intelligence official is on record saying that the chinese have already aggressively infiltrated the computer networks of some u.s. banks and are operating inside u.s. electrical grids, mapping out our networks and presumably leaving behind malicious software that could be used to sabotage the system. can a penetrator or a perpetrator leave behind-- >> yes. >> little things that will allow them to be there and watch and look and listen? >> any successful penetration has the potential for leaving behind a capability. >> do we believe that there are--that governments have planted code in the power grid? >> steve, i would be shocked if we were in a situation where tools and capabilities and techniques have not been left in u.s. computer and information systems. >> of all the critical components in the u.s. infrastructure, the power grid is one of the most vulnerable to cyber attack. that's because the power grid is run and regulated by private utilities, which are unbeholden to governmen
>> working on it. >> one top u.s. intelligence official is on record saying that the chinese have already aggressively infiltrated the computer networks of some u.s. banks and are operating inside u.s. electrical grids, mapping out our networks and presumably leaving behind malicious software that could be used to sabotage the system. can a penetrator or a perpetrator leave behind-- >> yes. >> little things that will allow them to be there and watch and look and listen?...
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Feb 7, 2013
02/13
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the u.s. postal service added that qualification to its legendary motto today. the service is broke, and it will drop saturday mail delivery in august. the troubles of the postal service are as big as the agency itself. the u.s.p.s. delivers 40% of all of the mail on earth, and it has
the u.s. postal service added that qualification to its legendary motto today. the service is broke, and it will drop saturday mail delivery in august. the troubles of the postal service are as big as the agency itself. the u.s.p.s. delivers 40% of all of the mail on earth, and it has
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there are parts of the chinese military hacking u.s. trade secrets have been covered extensively by the mainstream media take a listen china is officially out of control because don't look now but prove today our sugar daddy is a thief for tonight lifts the veil on a kind of invisible war china unleashing its full spy power let's return to the alleged link between china's military and a prolific hacking group most cyber attacks are being carried out by teams inside the chinese military but there's more to the technological relationship between the united states and china than hacking congressman dana rohrabacher a republican from california explained at r.t. we have built china into a major economic power without demanding any type of political reforms we've given the most favored nation status one more free trade we permitted them to steal our technology they get away with murder. a later show of china's economic power purchasing bankrupt u.s. business a one two three it's not your car battery maker and you may have heard of the busine
there are parts of the chinese military hacking u.s. trade secrets have been covered extensively by the mainstream media take a listen china is officially out of control because don't look now but prove today our sugar daddy is a thief for tonight lifts the veil on a kind of invisible war china unleashing its full spy power let's return to the alleged link between china's military and a prolific hacking group most cyber attacks are being carried out by teams inside the chinese military but...
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Feb 20, 2013
02/13
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the u.s. >>> and apple was the target of a hacking attack at the company's california headquarters. apple says mall ware infected a small number of its mac computers used by employees. the company says the mall ware got on the macs through a website for software developers by exploiting a security flaw in the browser. apple says it was similar to an attack on facebook earlier this week. >>> bp won't pay penalties for all of the more than 200 million gallons of oil that spilled back in 2010. the u.s. government agreed not to fine bp for 34 million gallons the company captured before entering the gulf. fines for all the rest of the oil will be in the billions. >> sony is expected to reveal details about its much anticipated next generation gaming console today. execs will announce the gaming station that will replace the aging game station that was released six years ago. sony competes with microsoft's xbox and the wii. >> gamers all over the world can't wait. thank you. erica ferrari, cbs news,
the u.s. >>> and apple was the target of a hacking attack at the company's california headquarters. apple says mall ware infected a small number of its mac computers used by employees. the company says the mall ware got on the macs through a website for software developers by exploiting a security flaw in the browser. apple says it was similar to an attack on facebook earlier this week. >>> bp won't pay penalties for all of the more than 200 million gallons of oil that spilled...
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Feb 5, 2013
02/13
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the u.s. illegally dropped to a 40-year low. >> we've matched our successes at the border with smart, effective immigration enforcement with a focus on identifying and removing criminal aliens and other public safety threats. >> president obama will meet with business and labor leaders today hoping to convince them immigration reform will be good for the economy. >>> almost five months after the tragedy at a u.s. consulate that killed americans in benghazi libya, the senate voted to improve security at u.s. embassies overseas the measure heads to the house. [ applause ] >>> monday was john kerry's first day on the job as secretary of state. he joked about his predecessor, hillary clinton, saying he had big heels to fill. >>> public records indicate superdome officials were worried about a possible blackout months before the super bowl. officials still aren't sure what caused the 34-minute blackout. according to the "new orleans times picayune," they're looking at equipment that controls the fl
the u.s. illegally dropped to a 40-year low. >> we've matched our successes at the border with smart, effective immigration enforcement with a focus on identifying and removing criminal aliens and other public safety threats. >> president obama will meet with business and labor leaders today hoping to convince them immigration reform will be good for the economy. >>> almost five months after the tragedy at a u.s. consulate that killed americans in benghazi libya, the senate...
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he also recommends to go out the u.s. and buy global stocks and currencies from countries like the ones he mentioned, australia brazil mexico and canada. what do you think of that bill growth assessment? >> well, you know n my opinion, and really for our clients here as wells fargo advisors, i mean i still firmly believe that one of the best way force people to build wealth over time build wealth for retirement is building to be by owning equities. i certainly think they need to own a good chunk of u.s. equities. now saying that, the growth we have hundreds of millions of people around the world that are coming into the middle class. their wages are rise. they want cars washing machine all the things we take for granted that is where the growth is going to be. we're in a mature economy. our population is only growing 1%. japan's declining, a lot of western europe is declining. so i agree that you need to invest internationally to take advantage of that growth. but i disagree that you cannot find some favorable returns in
he also recommends to go out the u.s. and buy global stocks and currencies from countries like the ones he mentioned, australia brazil mexico and canada. what do you think of that bill growth assessment? >> well, you know n my opinion, and really for our clients here as wells fargo advisors, i mean i still firmly believe that one of the best way force people to build wealth over time build wealth for retirement is building to be by owning equities. i certainly think they need to own a...
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Feb 27, 2013
02/13
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u.s. policy is expected tomorrow when kerry attends a conference on syria in rome. kerry has been consulting with european leaders. u.s. officials say the administration is considering sending tens of millions of dollars in nonlethal assistance to the rebels fighting the assad regime. >>> the latest blast of winter weather making its way toward the great lakes. the latest storm dumped essentially inches of snow across the plains. it's being blamed for at least three deaths and has knocked out power to more than 100,000 homes and businesses. teresa garcia reports. >> reporter: a major winter storm is dumping a layer of heavy wet snow on parts of the country still struggling from the last round. plows tried to keep up in kansas city. at one point conditions were so treacherous the plows got stuck. but stranded drivers got a helping hands from those with a little more pull. >> four-wheel drive and a heavy rope can get anyone out. >> reporter: heavy snow downed trees, damaged cars and power li
u.s. policy is expected tomorrow when kerry attends a conference on syria in rome. kerry has been consulting with european leaders. u.s. officials say the administration is considering sending tens of millions of dollars in nonlethal assistance to the rebels fighting the assad regime. >>> the latest blast of winter weather making its way toward the great lakes. the latest storm dumped essentially inches of snow across the plains. it's being blamed for at least three deaths and has...
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Feb 17, 2013
02/13
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change engineering in dubai aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. and now a page from our sunday morning almanac. february 17, 1972, 41 years ago today. memorable mile post for the little car that could. for that was the day the 15,74th volkswagen beatle rolled off the assembly line. surpassing the old record set by the ford model-t which shut down production in 1927 after a 19-year run. it was german chancellor adolph hitler who launched the v.w. in 1933 when he called on the legendary ferdinand porsche to design a low-cost people's car or volkswagen. large-scale production didn't begin until after world war ii. worldwide success was a while in coming. in all of 1949 exactly two beatles were sold in the un
change engineering in dubai aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. and now a page from our sunday morning almanac....
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Feb 9, 2013
02/13
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back then, the u.s. was in the catbird seat, poised to lead the world down this astonishing new superhighway of information and innovation. now many other countries offer their citizens faster and cheaper access than we do. the faster high-speed access comes through fiber optic lines that transmit data in bursts of laser light, but many of us are still hooked up to broadband connections that squeeze digital information through copper wire. we're stuck with this old-fashioned technology because, as susan crawford explains, our government has allowed a few giant conglomerates to rig the rules, raise prices, and stifle competition. just like standard oil in the first gilded age a century ago. in those days, it was muckrakers like ida tarbell and lincoln steffens rattling the cages and calling for fair play. today it's independent thinkers like susan crawford. the big telecom industry wishes she would go away, but she's got a lot of people on her side. in fact, if you go to the white house citizen's petition
back then, the u.s. was in the catbird seat, poised to lead the world down this astonishing new superhighway of information and innovation. now many other countries offer their citizens faster and cheaper access than we do. the faster high-speed access comes through fiber optic lines that transmit data in bursts of laser light, but many of us are still hooked up to broadband connections that squeeze digital information through copper wire. we're stuck with this old-fashioned technology because,...
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Feb 6, 2013
02/13
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the u.s. justice department said today that it is suing standard and poor's rating service, accusing it of a massive fraud when it gave high ratings to mortgage investments that later plunged in value. that helped fuel the 2008 financial meltdown. investors, including pension funds, lost billions on what s&p told them were the safest bets money could buy. anthony mason has more. >> reporter: as the housing bubble was beginning to burst in 2007, standard and poor's was still giving glowing ratings to mortgage-backed securities that some of its own analysts feared would go bad. attorney general eric holder said today the nation's largest rating agency was knowingly executing a scheme to defraud investors and pump up its profits. >> put simply, this alleged conduct is egregious, and it goes to the very heart of the recent financial crisis. >> reporter: the government's 124-page complaint cites internal documents, like this instant message exchange between two s&p analysts. "that deal is ridiculou
the u.s. justice department said today that it is suing standard and poor's rating service, accusing it of a massive fraud when it gave high ratings to mortgage investments that later plunged in value. that helped fuel the 2008 financial meltdown. investors, including pension funds, lost billions on what s&p told them were the safest bets money could buy. anthony mason has more. >> reporter: as the housing bubble was beginning to burst in 2007, standard and poor's was still giving...
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Feb 26, 2013
02/13
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he also carried out a crusade to end smoking in the u.s. c. everett koop died monday in hanover, new hampshire. he was 96 years old. >>> coming up after your local news on "cbs this morning," best-selling author bishop t.d. jakes. >>> i'm anne-marie green, this is the "cbs morning news." green, this is the "cbs morning news." "my son made me this coffee," "you should try it it's delicious." ♪ ♪ ♪ ♪ [ male announcer ] every time you say no to a cigarette you celebrate a little win. nicorette gum helps calm your cravings and makes you less irritable. quit one cigarette at a time. bonjour! is that a fruit or a vegetable, do you think? i don't know. i can ask. c'est un fruit ou un legume? it's a fish. [ man ] they're big. strength we can count on. same with aladdin. the biggest in bail. no one has lower prices is faster or more professional. aladdin bail bonds. bigger because we're better. =dj >>> the oscar-nominated movie "zero dark thirty" has come under attack by some of the relatives of 9/11 victims. at issue is the final phone call ma
he also carried out a crusade to end smoking in the u.s. c. everett koop died monday in hanover, new hampshire. he was 96 years old. >>> coming up after your local news on "cbs this morning," best-selling author bishop t.d. jakes. >>> i'm anne-marie green, this is the "cbs morning news." green, this is the "cbs morning news." "my son made me this coffee," "you should try it it's delicious." ♪ ♪ ♪ ♪ [ male announcer ]...
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Feb 10, 2013
02/13
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the u.s. defaulting could again result in the downgrade of america's credit rating. the consequences for you could be dire. your borrowing costs would likely rise along with your taxes. you could expect cuts to the programs and government services you rely on. jon king is cnn's national correspondent. jon, president obama says he wants a big deal on budgets and debt. he won the battle for public opinion. he won a second term while congressional approval continues to be super low. is there something more he could be doing to end the small thinking about big problems that has become the norm in our nation's capital? >> he still wants the grand bargain he's been talking about for several years. this past week he came out and said we need another temporary fix. the term sequester is essentially a fancy word for the president and congress not doing their jobs. you laid it out pretty clearly. the president is late submitting his own budget. so he's part of the problem, too. but he does have the uppe
the u.s. defaulting could again result in the downgrade of america's credit rating. the consequences for you could be dire. your borrowing costs would likely rise along with your taxes. you could expect cuts to the programs and government services you rely on. jon king is cnn's national correspondent. jon, president obama says he wants a big deal on budgets and debt. he won the battle for public opinion. he won a second term while congressional approval continues to be super low. is there...
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Feb 15, 2013
02/13
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a marriage of american airlines and u.s. airways that will create the world's largest airline with more than 3,000 daily flights. >> we have come to agreement that this makes sense for all of our customers and employees, investors, and we couldn't be happier. >> reporter: but it may not be a match made in heaven for passengers. >> price tend to go up over the long term. >> reporter: he says giant mergers generally mean less competition. for example, after delta bought northwest, data shows some fares increased as much as 29%. after united merged with continental, the price of many flights including those between san francisco and newark jumped as much as 39%. >> an airline merger, the people that benefit the most are wall street, to be honest. >> reporter: with these types of merger, generally the consumer loses and wall street wins. if this deal goes through, just four carriers, american, united, delta and southwest, would control 70% of the u.s. market. and while that could mean higher prices across the board, some say the
a marriage of american airlines and u.s. airways that will create the world's largest airline with more than 3,000 daily flights. >> we have come to agreement that this makes sense for all of our customers and employees, investors, and we couldn't be happier. >> reporter: but it may not be a match made in heaven for passengers. >> price tend to go up over the long term. >> reporter: he says giant mergers generally mean less competition. for example, after delta bought...
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Feb 11, 2013
02/13
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the u.s. economy overall is still more than double the size of chinas. chinese new year's celebrations are ushering in the year of the snake. parades and fireworks marked the holiday. people born in the year of the snake are considered stylish and good with money. in beijing singer celine dion became the first foreigner to start an official new year's festivity. she sang a duet in mandarin chinese, one of china's most popular folk songs. still ahead, would you trade your car for a microcar?pr i choose date number 2! whooo! [ sigh of relief ] [ male announcer ] choose taste. choose prego. if you're living with moderate to severe crohn's disease, and it feels like your life revolves around your symptoms, ask your gastroenterologist about humira adalimumab. humira has been proven to work for adults who have tried other medications but still experience the symptoms of moderate to severe crohn's disease. in clinical studies, the majority of patients on humira saw significant symptom relief and many achieved remission. humira can lower your ability to fight in
the u.s. economy overall is still more than double the size of chinas. chinese new year's celebrations are ushering in the year of the snake. parades and fireworks marked the holiday. people born in the year of the snake are considered stylish and good with money. in beijing singer celine dion became the first foreigner to start an official new year's festivity. she sang a duet in mandarin chinese, one of china's most popular folk songs. still ahead, would you trade your car for a microcar?pr i...
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Feb 28, 2013
02/13
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sources say the u.s. plans to deliver meals, medical kits, and other nonlethal assistance to the rebels fighting the ha sad regime. >>> coming up on the "morning news," space adventurers wanted, the search for a man and a woman to take part in the first human mission to mars. this is the "cbs morning news." morning news." r ] this is bob a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescription blood thinner for patients with afib not caused by a heart valve problem that doesn't require routine blood monitoring. like warfarin xarelto® is proven effective to reduce the
sources say the u.s. plans to deliver meals, medical kits, and other nonlethal assistance to the rebels fighting the ha sad regime. >>> coming up on the "morning news," space adventurers wanted, the search for a man and a woman to take part in the first human mission to mars. this is the "cbs morning news." morning news." r ] this is bob a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation...
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Feb 16, 2013
02/13
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the administration says without a deal, we could see less secure u.s. embassies and furloughed air traffic controllers. >>> the national transportation safety board along with the coast guard and the bahamas maritime authority are all investigating the cause of that fire on that cruise ship, the carnival triumph. the fire in the engine room last sunday left the ship powerless. 4,000 people were subjected to five awful days of spoiled food and raw sewage. sewage, flooding cabins. the ship finally docked in alabama late thursday night and the first lawsuit has already been filed. >>> the challenges of adjusting to college life for first-year students. the myth and reality of the freshman 15 coming up next. >>> and why northern california's latest tree sitter is perching herself 50 feet above ground and refusing to come down. >>> these temperatures are cooperating and coming down a little bit over the bay area the next couple of days. we'll see a few degrees a day, that's all we ask. we asked for a little bit of rain, we're going to get it. we'll have the
the administration says without a deal, we could see less secure u.s. embassies and furloughed air traffic controllers. >>> the national transportation safety board along with the coast guard and the bahamas maritime authority are all investigating the cause of that fire on that cruise ship, the carnival triumph. the fire in the engine room last sunday left the ship powerless. 4,000 people were subjected to five awful days of spoiled food and raw sewage. sewage, flooding cabins. the...
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Feb 12, 2013
02/13
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the u.s. and allies knew the test was coming. >> what is interesting is they have done this in defiance in not only in our views but china. china tried very hard to keep them from doing this. so what will be very interesting in the weeks to come is what does that mean when the chinese say don't do something and they do it. >> reporter: indeed, china's position has always been that it wanted to preserve the status quo on the korean peninsula. we've learned today that china, north korea's closest ally, has now said that it is firmly opposed to north korea's nuclear test. back to you, anne-marie. >> lucy craft in tokyo, thank you. >>> tonight, president obama will call for a worldwide reduction in nuclear weapons when he delivers his first state of the union address of the second term. speaking to congress and the american people, the white house says mr. obama will focus on the economy, outlining plans to create jobs and grow the middle class. susan mcginnis is in washington. good morning. >> re
the u.s. and allies knew the test was coming. >> what is interesting is they have done this in defiance in not only in our views but china. china tried very hard to keep them from doing this. so what will be very interesting in the weeks to come is what does that mean when the chinese say don't do something and they do it. >> reporter: indeed, china's position has always been that it wanted to preserve the status quo on the korean peninsula. we've learned today that china, north...
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Feb 4, 2013
02/13
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and there are visitors to the u.s. who find our internet laughable. >> jennifer: yeah, it is laughable. is the industry powerful enough to stop public wi-fy for all? >> hopefully got for the economy in the long run and economic growth in the future. >> jennifer: all right. thank you so much for joining me again inside "the war room." great to see you. >> thank you jennifer. >> jennifer: up next the super bowl brings about a new right-wing theory. >> coming up the president went skeet shooting and he has the photos to back it up. >> jennifer: welcome book to "the war room" in san francisco. i'm jennifer granholm. now let's hustle down the coast to a city who's team did not just lose the super bowl. michael shure is coming to us out of los angeles. michael what is the game plan for tonight? >> the game plan is just recovering from the 49ers loss. i'm a 49ers fan, it's too bad it happened the way it did. >> jennifer: do you think that one of the 49er fans pulled the plug? what do you think was going on down there? >> i do
and there are visitors to the u.s. who find our internet laughable. >> jennifer: yeah, it is laughable. is the industry powerful enough to stop public wi-fy for all? >> hopefully got for the economy in the long run and economic growth in the future. >> jennifer: all right. thank you so much for joining me again inside "the war room." great to see you. >> thank you jennifer. >> jennifer: up next the super bowl brings about a new right-wing theory. >>...
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Feb 10, 2013
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the u.s.? at t. rowe price, we understand the connections of a complex global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. look, every day we're using more and more energy. the world needs more energy. where's it going to come from? ♪ ♪ that's why right here in australia, chevron is building one of the biggest natural gas projects in the world. enough power for a city the size of singapore for 50 years. what's it going to do to the planet? natural gas is the cleanest conventional fuel there is. we've got to be smart about this. it's a smart way to go. ♪ ♪ i'm lorenzo. i work for 47 different companies. well, technically i work for one. that company, the united states postal service® works for thousands of home businesses. because at usps.com® you can pay
the u.s.? at t. rowe price, we understand the connections of a complex global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. look, every day we're using more and more energy. the world needs more energy. where's it going to come from? ♪ ♪ that's why right here in...
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Feb 27, 2013
02/13
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this evening the u.s. senate confirmed jack lew to be the new treasury secretary. >> ifill: online, we profile a young man who grew up in a tough neighborhood and then returned with a mission to give back. hari sreenivasan has the details. >> sreenivasan: after graduating from duke univeristy, social entrepreneur donnel baird came home to brooklyn, where he runs bloc power-- providing job training and connecting community groups so they get discounts on energy-saving products. we spotlight baird's work in our agents for change series. plus, larry kotlikoff, a regular contributor to making sense, argues the sequester won't help the u.s. deficit problem. he says the nation's debt is much higher than we acknowledge. all that and more is on our website newshour.pbs.org. jeff? >> brown: and that's the "newshour" for tonight. on thursday, with just one day to go before automatic spending cuts hit. we talk with public media reporters around the country about the possible impact on their communities. i'm jeffrey b
this evening the u.s. senate confirmed jack lew to be the new treasury secretary. >> ifill: online, we profile a young man who grew up in a tough neighborhood and then returned with a mission to give back. hari sreenivasan has the details. >> sreenivasan: after graduating from duke univeristy, social entrepreneur donnel baird came home to brooklyn, where he runs bloc power-- providing job training and connecting community groups so they get discounts on energy-saving products. we...
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Feb 6, 2013
02/13
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. >> susie: the u.s. government wants as much as $5 billion from standard and poors, officially accusing the credit ratings agency of fraud during the housing boom. >> tom: and earnings from a trio of consumer stocks finds us spending money on eating out and watching tv. >> susie: that and more tonight on "n.b.r." >> tom: a bold new chapter for computer maker dell was opened today. michael dell said today he's taking the company he founded almost 30 years ago private. it's a $24.5 billion deal offering dell investors $13.65 per share. now, at one point, dell was the largest p.c. maker in the world, boasting market capitalization of more than $100 billion. now, it sits behind apple, hewlett packard and lenovo, valued a fifth of what it once was. ruben ramirez begins are coverage. >> reporter: michael dell admits he missed the consumer shift away from the p.c. to tablets and smartphones, but today's announcement his company is going private doesn't necessary address how dell is going to try to capture e
. >> susie: the u.s. government wants as much as $5 billion from standard and poors, officially accusing the credit ratings agency of fraud during the housing boom. >> tom: and earnings from a trio of consumer stocks finds us spending money on eating out and watching tv. >> susie: that and more tonight on "n.b.r." >> tom: a bold new chapter for computer maker dell was opened today. michael dell said today he's taking the company he founded almost 30 years ago...
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Feb 10, 2013
02/13
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she grew up learning about the deadliest hurricane in u.s. history from her grandfather, who barely survived the storm. >> the water rose and met in the middle of the island, so the whole island was under water. >> the entire island of galveston was submerged? >> entire island. all 35 miles of it. >> at least 8,000 people died that day, september 8th, 1900. 145-mile-per-hour winds, no warning, 70 years before satellites and high-tech forecasting. there really wasn't any way to know, was there, for how bad it was going to be. >> they had no idea. overnight they were like a bomb had exploded in their city and killed everybody. >> over the years, this storm-battered town was in that cone of uncertainty many times. katrina and rita in 2005. ike in 2008. but the people knew those storms were coming. >> the minute it hit the gulf, we went into high gear, but we were prepared to get into high gear. we were able to do that because of the satellites, because of the communication, and because of the warnings we got. >> we could be without power for as
she grew up learning about the deadliest hurricane in u.s. history from her grandfather, who barely survived the storm. >> the water rose and met in the middle of the island, so the whole island was under water. >> the entire island of galveston was submerged? >> entire island. all 35 miles of it. >> at least 8,000 people died that day, september 8th, 1900. 145-mile-per-hour winds, no warning, 70 years before satellites and high-tech forecasting. there really wasn't any...
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Feb 14, 2013
02/13
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CNBC
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but here in the u.s., keeps working. and it's boring and clearly there's more cash to be put to work. >> it is boring. one thing that's not working right now is technology. and this is a sector i'm focused on. >> your top trade. >> yeah, my top trade. listen, this is hard-picking tops here, people, right? but at the end of the day, we have a lot of the super sectors in the s&p up 8-plus percent. look at the xlk, etf up 13%. no leadership here. i believe we're going to roll over pretty soon. i think we'll need a 5% sell off. i think tech -- >> is google working? >> google is one of the big ones that is working. >> and that's the one. if you look at amazon, look at apple. one takes it right from amazon, goes into apple or vice versa. and if you look at google, they're the recipient of all the money flow. >> yeah. >> no doubt. listen, there's very few things working well in technology. if you look at ibm a great example of a company th that beat -- filling the earnings. >> there ways to express a negative outlook on technol
but here in the u.s., keeps working. and it's boring and clearly there's more cash to be put to work. >> it is boring. one thing that's not working right now is technology. and this is a sector i'm focused on. >> your top trade. >> yeah, my top trade. listen, this is hard-picking tops here, people, right? but at the end of the day, we have a lot of the super sectors in the s&p up 8-plus percent. look at the xlk, etf up 13%. no leadership here. i believe we're going to roll...
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Feb 3, 2013
02/13
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thursday sees the great central u.s. shakeout, a public earthquake preparedness drill in nine states stretching from illinois south to mississippi. on friday, the rio carnival kicks off in brazil with the crowning of the carnival king. and on saturday, sleen deonbecomes the first international star to perform on china's new year tv gala she'll be seen by an estimated one billion people. as for today, the big event is the super bowl, of course. our colleagues at cbs sports can barely wait for kick-off. >> well, it is super sunday morning here in new orleans. and the excitement is already building for the ravens and the 49'ers in super 47. hello, everyone. i'm james brown in champions plaza just outside the super dome joined by my colleagues as always. shan none, we know you have critiqued this game from every aspect. >> i hope the game is as good as the local cuisine. if it is it's going to be a barn burner. but the guys are in their room pacing. they just want the game to get here. do what they've been practicing the las
thursday sees the great central u.s. shakeout, a public earthquake preparedness drill in nine states stretching from illinois south to mississippi. on friday, the rio carnival kicks off in brazil with the crowning of the carnival king. and on saturday, sleen deonbecomes the first international star to perform on china's new year tv gala she'll be seen by an estimated one billion people. as for today, the big event is the super bowl, of course. our colleagues at cbs sports can barely wait for...
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Feb 8, 2013
02/13
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the u.s. postal service® no business too small. if you have high blood pressure and get a cold get coricidin hbp. the number one pharmacist recommended cold brand designed for people with high blood pressure. and the only one i use to relieve my cold symptoms without raising my blood pressure. coricidin hbp. >> with hotwire's low prices i can afford to visit chicago for my first big race and l.a. for my best friend's wedding. because when hotels have unsold rooms, they use hotwire to fill them. so i got my hotels for half-price! >> men: ♪ h-o-t-w-i-r-e ♪ ♪ hotwire.com ♪ copd makes it hard to breathe but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd
the u.s. postal service® no business too small. if you have high blood pressure and get a cold get coricidin hbp. the number one pharmacist recommended cold brand designed for people with high blood pressure. and the only one i use to relieve my cold symptoms without raising my blood pressure. coricidin hbp. >> with hotwire's low prices i can afford to visit chicago for my first big race and l.a. for my best friend's wedding. because when hotels have unsold rooms, they use hotwire to...
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Feb 14, 2013
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>>> coming up after your local news on "cbs this morning," american airlines merger with u.s. airway and we'll tell wow what it means for you. >>> plus new declassified documents on president clinton. >>> and we'll meet a popular radio personality, delilah, famous for her passion for love songs. that's the "cbs morning news" for this thursday. thanks for watching. i'm anne-marie green. have a great day. ng. i'm anne-marie green. have a great day. -- captions by vitac -- www.vitac.com >> your realtime captioner: linda marie macdonald >> good morning. it's thursday, february 14. you know what that means? >> i do. it's valentine's day. >> happy valentine's day. >> who are you? >> who am i? i'm frank mallicoat. i just let that go. you're michelle griego. >> you did. you did. [ laughter ] >> all right. let's check in with our meteorologist lawrence. he is out live at the flower mart in san francisco. beautiful flowers there, lawrence. >> yeah, guys. boy, you know, all these flowers have somebody's name on it on this very special valentine's day. it's going to be a fantastic day ahe
>>> coming up after your local news on "cbs this morning," american airlines merger with u.s. airway and we'll tell wow what it means for you. >>> plus new declassified documents on president clinton. >>> and we'll meet a popular radio personality, delilah, famous for her passion for love songs. that's the "cbs morning news" for this thursday. thanks for watching. i'm anne-marie green. have a great day. ng. i'm anne-marie green. have a great day....
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Feb 17, 2013
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and american airlines and u.s. airways announced an $11 billion merger. joining us now is mark zandis chief economist of moody's analytics. so many reports of starts and stop of the recovery. what are the possibilities this is a sustained traction? are the possibilities this is a sustained traction? >> i think this is the real deal. confidence is improving and confidence is key to a better economy. these investors in these companies feel good about their prospects. of course they have very low interest rates record low interest rates that they can borrow to help finance those purchases. and the shareholders in these companies feel like they're get a fair deal because stock prices are back close to record levels. activities are back to levels we haven't seen since before the great recession and i think that means the country is getting back to normal. >> axelrod: so confidence is going tow produce deals but i think what a lot of people want to know is what does that mean for job creation? >> good question. in the near term, i think it means job losses beca
and american airlines and u.s. airways announced an $11 billion merger. joining us now is mark zandis chief economist of moody's analytics. so many reports of starts and stop of the recovery. what are the possibilities this is a sustained traction? are the possibilities this is a sustained traction? >> i think this is the real deal. confidence is improving and confidence is key to a better economy. these investors in these companies feel good about their prospects. of course they have...